Renovating on a Budget Whether you’re planning a small update to a room in your home or a complete overhaul, here are some tips to help you stick to your budget. What’s your intention for remodeling? If the elements of the room are still in good condition, save money by painting the walls, refinishing woodwork and installing new fixtures. This will freshen up the look of the room and prevent you from undertaking a costly overhaul. More than 50% of remodelers have noticed an increase in the number of homeowners who are remodeling to avoid moving. Source: NARPrioritize the urgency of each project. You may want to Once you’ve made your plan, stick to it. Adding otherrenovate multiple rooms in your home; however, your wallet projects will increase your costs and dig into your budget.and your sanity may not allow it to happen simultaneously.Start with the project that needs attention right away. 42% of homeowners planned toOutline everything that the project entails, includingyour anticipated costs. The best way to prevent going do the remodeling work themselves,over your budget is to make a plan for what needs to be 34% said they would hire a professional contractor and 24%done and how much it will cost. Once you have an estimateof costs, set aside an extra 15% to 20% of your budgetas contingency cash. said they would split the work withCan you do it yourself or will you have to hire a a contractor.professional? You might be able to save money by doing Source: MSNsome, if not all, of the project yourself. However, if you’re nothandy with a hammer or if the project is extensive, you mightconsider hiring a professional.Spruce up yourhome before youput it on the marketFor your home’s interior:• ill in the cracks in your walls and ceiling, F and paint them a neutral color.• Fix creaks and squeaks with WD-40®.• odernize your kitchen and bathroom M cabinets with new drawer pulls and handles.For your home’s exterior:• nstall window boxes with cheerful flowers I or plants.• Paint your window frames.• Update your light fixtures.• Replace your house numbers.